British American Tobacco

BTI • NYSE

British American Tobacco is a publicly traded company on NYSE. As of Q3 2025, 705 institutional investors hold shares in this company, with total holdings valued at $14.2B. Capital International Investors is the largest holder with a position valued at $3.4B.

Employees50.4K

Websitebat.com

Overview

Overview of institutional ownership in BTI as of Q3 2025

All Institutions

Institutions: 705
Value Held: $14.2B
Shares Held: 268.2M
Avg Position: $20.2M
Median Position: $632.1K

Hedge Funds

Hedge Funds: 44
Value Held: $1.1B
Shares Held: 20.3M
Avg Position: $24.5M
Median Position: $2.9M

Biggest Investors

Institutions with the largest positions in BTI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
C Capital International Investors Institution	-	$3.4B 0.55% of portfolio	0.00% 64.1M shares	Q4 2022 Held for 2y 11m	$615.90B
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	$1.5B 2.33% of portfolio	0.00% 28.6M shares	Q3 2024 Held for 1y 2m	$65.1B
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$1.2B 0.22% of portfolio	0.00% 22.1M shares	Q4 2022 Held for 2y 11m	$532.36B
FMR LLC Institution	-	$1.1B 0.06% of portfolio	0.00% 20.4M shares	Q2 2025 Held for 5 months	$1.92T
B BlackRock, Inc. Institution	-	$578.2M 0.01% of portfolio	0.00% 10.9M shares	Q4 2022 Held for 2y 11m	$5.67T
O Orbis Allan Gray Ltd RIA/Wealth	Don Lynn Ray Managing Partner	$505.4M 2.17% of portfolio	0.00% 9.5M shares	Q4 2022 Held for 2y 11m	$23.3B
C Capital World Investors Institution	-	$502.7M 0.07% of portfolio	0.00% 9.5M shares	Q4 2022 Held for 2y 11m	$730.00B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$368.1M 0.03% of portfolio	0.00% 6.9M shares	Q4 2022 Held for 2y 11m	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$279.4M 0.02% of portfolio	0.00% 5.3M shares	Q4 2022 Held for 2y 11m	$1.65T
Mondrian Investment Partners LTD Long Only Manager	Elizabeth Anne Desmond CEO	$222.2M 3.71% of portfolio	0.00% 4.2M shares	Q3 2025 Held for 2 months	$6.0B

Net Capital Flow

Institutional buying and selling activity for BTI in Q3 2025

Traded: +$896.2M
Buyers: 394
Sellers: 267
Total Bought: +$2.1B
Total Sold: −$1.2B
Avg Position: $18.5M

Biggest Buyers

Institution	Net Bought	Current Position
C Capital World Investors Institution	+$498.8M +9.4M shares	$502.7M 9.5M shares
FMR LLC Institution	+$433.2M +8.2M shares	$1.1B 20.4M shares
GQG Partners LLC Long Only Manager	+$258.7M +4.9M shares	$1.5B 28.6M shares
C Capital International Investors Institution	+$100.4M +1.9M shares	$3.4B 64.1M shares
BANK OF AMERICA CORP /DE/ Institution	+$83.8M +1.6M shares	$368.1M 6.9M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$75.4M +1.4M shares	$75.4M 1.4M shares
Madison Avenue Partners, LP Hedge Fund•Value	+$65.0M +1.2M shares	$65.0M 1.2M shares
Q Qube Research & Technologies Ltd Institution	+$60.5M +1.1M shares	$91.0M 1.7M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	+$47.9M +901.5K shares	$47.9M 901.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$41.8M +787.7K shares	$81.9M 1.5M shares

Biggest Sellers

Institution	Net Sold	Current Position
O Orbis Allan Gray Ltd RIA/Wealth	−$264.5M −5.0M shares	$505.4M 9.5M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$151.7M −2.9M shares	$54.3M 1.0M shares
CITIGROUP INC Institution	−$92.3M −1.7M shares	$20.4M 383.9K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$85.1M −1.6M shares	$126.5M 2.4M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$69.5M −1.3M shares	$108.0M 2.0M shares
Mondrian Investment Partners LTD Long Only Manager	−$67.7M −1.3M shares	$222.2M 4.2M shares
Trivest Advisors Ltd Institution	−$60.1M −1.3M shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$51.8M −976.6K shares	$578.2M 10.9M shares
O Optiver Holding B.V. Institution	−$42.5M −801.6K shares	$4.4M 83.3K shares
G Grantham, Mayo, Van Otterloo & Co. LLC Long Only Manager	−$42.4M −798.2K shares	$89.4M 1.7M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BTI in Q3 2025

New Positions: 79
New Value: $220.6M
Exited Positions: 65
Exited Value: $91.3M

New Positions

Institution	Position Value
Madison Avenue Partners, LP Hedge Fund•Value	$65.0M 1.2M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$47.9M 901.5K shares
CRAWFORD INVESTMENT COUNSEL INC Long Only Manager	$18.8M 353.6K shares
Modern Wealth Management, LLC RIA/Wealth	$14.8M 278.3K shares
BARCLAYS PLC Institution	$13.2M 247.8K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$12.0M 225.2K shares
STANSBERRY ASSET MANAGEMENT, LLC RIA/Wealth	$5.3M 100.3K shares
T Timelo Investment Management Inc. Institution	$4.4M 82.0K shares
B Brevan Howard Capital Management LP Institution	$4.1M 77.9K shares
F FACTORY MUTUAL INSURANCE CO Institution	$3.4M 64.1K shares

Exited Positions

Institution	Previous Position
Trivest Advisors Ltd Institution	$60.1M 1.3M shares
Night Squared LP Hedge Fund•Long/Short	$3.9M 83.4K shares
UBS OCONNOR LLC Long Only Manager	$3.9M 82.6K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$2.3M 49.5K shares
E Empirical Finance, LLC Institution	$2.3M 48.7K shares
MIRABELLA FINANCIAL SERVICES LLP Institution	$2.0M 41.4K shares
T TWO SIGMA SECURITIES, LLC Institution	$1.9M 39.5K shares
Emmett Investment Management, LP Hedge Fund•Long/Short	$1.7M 35.8K shares
IMC-Chicago, LLC RIA/Wealth	$1.6M 33.5K shares
WHITTIER TRUST CO RIA/Wealth	$1.3M 27.8K shares

Options Activity

Institutions with the largest Call and Put options positions in BTI as of Q3 2025

Call Positions: 29
Call Value: $411.1M
Put Positions: 23
Put Value: $294.2M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$127.4M 24.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$72.2M 13.6K contracts
D D. E. Shaw & Co., Inc. Institution	$37.7M 7.1K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$28.7M 5.4K contracts
W WOLVERINE TRADING, LLC Institution	$26.4M 5.0K contracts
J JANE STREET GROUP, LLC Institution	$18.9M 3.6K contracts
C Cubist Systematic Strategies, LLC Institution	$16.1M 3.0K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$14.9M 2.8K contracts
K K2 PRINCIPAL FUND, L.P. Institution	$14.3M 2.7K contracts
Walleye Trading LLC RIA/Wealth	$12.1M 2.3K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$84.4M 15.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$45.9M 8.7K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$22.7M 4.3K contracts
D D. E. Shaw & Co., Inc. Institution	$19.5M 3.7K contracts
C Cubist Systematic Strategies, LLC Institution	$16.4M 3.1K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$14.9M 2.8K contracts
UBS Group AG Institution	$12.6M 2.4K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$10.8M 2.0K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$10.3M 1.9K contracts
J JANE STREET GROUP, LLC Institution	$10.2M 1.9K contracts

Most Committed Institutions

Institutions with BTI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
E EPACRIA CAPITAL PARTNERS, LLC Institution	-	13.59% $16.7M	0.00% 315.5K shares	Q4 2022 Held for 2y 11m	$123.2M
KIZE CAPITAL LP Hedge Fund•Long/Short	Daniel Seth Moss CEO	9.99% $8.8M	0.00% 165.0K shares	Q2 2024 Held for 1y 5m	$87.7M
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV RIA/Wealth	Vitaliy N Katsenelson CEO	9.06% $30.4M	0.00% 573.6K shares	Q4 2022 Held for 2y 11m	$335.9M
T Timelo Investment Management Inc. Institution	-	7.34% $4.4M	0.00% 82.0K shares	Q3 2025 Held for 2 months	$59.3M
F FIRST SABREPOINT CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	George Hiland Baxter Managing Partner	6.64% $16.5M	0.00% 310.0K shares	Q1 2025 Held for 8 months	$247.7M
Kennon-Green & Company, LLC RIA/Wealth	Aaron Michael Green Managing Partner	6.38% $8.2M	0.00% 154.7K shares	Q4 2022 Held for 2y 11m	$128.8M
Dupree Financial Group, LLC RIA/Wealth	William Martin Ambrose CFO	5.99% $15.4M	0.00% 290.5K shares	Q4 2023 Held for 1y 11m	$257.5M
Savoir Faire Capital Management, L.P. Hedge Fund•Long/Short	Brian Michael Crombie Managing Partner	4.74% $13.2M	0.00% 248.7K shares	Q2 2024 Held for 1y 5m	$278.8M
McGowan Group Asset Management, Inc. RIA/Wealth	Spencer Dean Mcgowan President	4.25% $29.6M	0.00% 556.9K shares	Q1 2025 Held for 8 months	$695.1M
A ABC ARBITRAGE SA Institution	-	4.03% $40.9M	0.00% 771.0K shares	Q4 2024 Held for 11 months	$1.0B

Hedge Fund Spotlight

Discover hedge funds investing in BTI

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in British American Tobacco

Market Value: $9.0M
Shares Held: 170.2K
Portfolio Weight: 0.01%
Owned Since: 2024-Q2

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